Dragon Oil signs contracts for two blocks in Afghanistan

Dragon Oil is pleased to announce the formal signing by the Ministry of Mines and Petroleum of Afghanistan of the exploration and production sharing contracts (EPSC) for two blocks, Sanduqli and Mazar-i-Sharif, of the Afghan-Tajik Phase 1 Oil & Gas Tender.

The participating interest of Dragon Oil, Turkiye Petrolleri A.O. (TPAO) and the Ghazanfar Group in the two blocks is 40%, 40% and 20% respectively. Dragon Oil shall be the operator of the Sanduqli block while the Mazar-i-Sharif block would be operated by TPAO. The Sanduqli block borders Turkmenistan and Uzbekistan in the north and spans 2,583 square kilometres. The Mazar-i-Sharif block borders Uzbekistan in the north and has an area of 2,715 square kilometres.

Dr Abdul Jaleel Al Khalifa, Chief Executive Officer, said,"I am delighted to announce the formal signing of the exploration and production sharing contracts for Sanduqli and Mazar-i-Sharif by all concerned parties. We are excited about this opportunity to work in Afghanistan and the prospects of these two blocks. We look forward to working with the host government and our partners in Afghanistan."